KBC Group NV Buys 645 Shares of ONE Gas, Inc. (NYSE:OGS)

KBC Group NV raised its stake in ONE Gas, Inc. (NYSE:OGS) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,218 shares of the utilities provider’s stock after buying an additional 645 shares during the period. KBC Group NV’s holdings in ONE Gas were worth $154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of ONE Gas by 22.9% in the third quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock worth $258,283,000 after acquiring an additional 645,566 shares during the period. Verition Fund Management LLC raised its holdings in ONE Gas by 320.2% during the 3rd quarter. Verition Fund Management LLC now owns 402,849 shares of the utilities provider’s stock worth $29,980,000 after purchasing an additional 306,974 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of ONE Gas by 9,036.9% in the 3rd quarter. International Assets Investment Management LLC now owns 202,383 shares of the utilities provider’s stock worth $15,061,000 after purchasing an additional 200,168 shares during the period. Boston Trust Walden Corp boosted its stake in shares of ONE Gas by 10.4% in the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock valued at $78,082,000 after purchasing an additional 98,489 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of ONE Gas by 32.2% during the third quarter. Rockefeller Capital Management L.P. now owns 249,920 shares of the utilities provider’s stock worth $18,599,000 after buying an additional 60,922 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 0.1 %

Shares of ONE Gas stock opened at $71.11 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 3.55 and a beta of 0.72. ONE Gas, Inc. has a 52 week low of $57.74 and a 52 week high of $78.89. The stock has a 50 day moving average price of $70.71 and a two-hundred day moving average price of $71.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.37 and a current ratio of 0.50.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that ONE Gas, Inc. will post 3.89 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.67 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.66. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, February 21st. ONE Gas’s dividend payout ratio (DPR) is currently 69.79%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OGS. Wells Fargo & Company dropped their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group cut their target price on ONE Gas from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, January 18th. Bank of America started coverage on ONE Gas in a research note on Friday, December 13th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of ONE Gas from $73.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.31.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.